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Board Addresses Cost Of Owned Equipment Termination-convenience; Suspension Of Work

Tuesday, September 02, 2003 05:23 pm

 
Board Addresses Cost Of Owned Equipment Termination-convenience; Suspension Of Work

The Armed Services Board of Contract Appeals has issued an instructive opinion addressing the cost of owning and operating equipment, as well as recovery for equipment standby.

The Air Force awarded a contract to Manning Electric and Repair Co., Inc. to replace the primary electric distribution system at Patrick Air Force Base in Florida. Manning fell behind schedule and had difficulty paying its subcontractors and suppliers.

Manning's surety, Safeco Insurance Company of America, entered into a takeover agreement with the contractor and the go [...]

 
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